Who REALLY Runs the World?

Who REALLY Runs the World?

Waiting for the upcoming joint meeting of the Planning, Housing and Economic Development, and Management and Fiscal Policy Committees of the Montgomery County Council on the financing of the White Flint Sector Plan. And, out int he audience, a few of us are discussing who really runs the world.

As society has gotten more complicated, a new ruling class has arisen. Hidden, quiet, with a reputation for probity, but truly non-descript. But if you ask everyone involved with a complex project, they’ll agree:

 Accountants run the world.

But today, at least, the curtain is pulled back even further. In public finance, like the financial implications of the White Flint Sector Plan, even the powerful accountants quail before an even mightier power, one whose pronouncements have the force of a hammer blow on any discussion, whose disapproval can block even the most unstoppable force. Who are these mysterious masters of the universe?

“bond lawyers.”

Without bonds, projects don’t work. With bond lawyers’ opinions, no bonds will sell. So . . .

We now return you to our regularly-scheduled hearing.

Barnaby Zall

Barnaby Zall

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